I just want to enjoy life

Chapter 665 Chapter 672 Greedy Tyburn, plummeting across the board

At around 2 o'clock in the afternoon, Lin Haocang opened his eyes, yawned twice, got up and left the lounge.

After taking a simple shower, he went to the wine cabinet, took out a bottle of top-notch French champagne, poured himself half a glass, leaned on the boss chair leisurely, and tasted the fine wine.

After a few sips, he opened the USD/CAD chart and found that USD/CAD had risen to 1.0700.

The 1.0700 position is the highest position last week, and there is strong resistance here.

In the last week, USD/CAD made two unsuccessful attempts to break through this resistance area.

And yesterday, Monday, USD/CAD also rose to 1.0700 in the American session in the evening, but could not break through this resistance area.

USD/CAD finally closed at 1.0630 yesterday!

Today in Asian trading, USD/CAD began to rise slowly after the opening of the market, and it had risen by 70 points by the time of the opening of the European market.

Without any hesitation, Lin Haocang immediately started shorting.

However, the trading volume in the market is very small now, and he can't bear the smashing orders. In order to eat more buying orders at high positions, he builds positions very slowly, and only shorts 5000 lots at a time.

If the USD/CAD falls too fast, Lin Haocang will stop building positions, and if the USD/CAD rises, he will short 5000 lots.

Time passed slowly, and Lin Haocang had a great time shorting USD/CAD while tasting fine wine.

Under Lin Haocang's short selling, USD/CAD slowly began to fall.

By 6 p.m., Lin Haocang had shorted 90 lots in total.

The USD/CAD also fell 100 points, from 1.0700 to 1.0600!

Lin Haocang's short selling caused the USD/CAD to slowly drop by 4 points in these 100 hours. On the 1-hour chart of USD/CAD, 4 negative lines appeared in a row.

In the one-hour trend chart, the moving averages are arranged in a short position, and all the K lines are below the moving averages. This pattern is simply a perfect short selling signal!
And after the USD/CAD has risen to around 1.0700 for the fourth time, it has been beaten down.

It's scary to think about it. There seems to be a big mouth at 1.0700, and you can eat as many buying orders as you come!
USD/CAD failed to break through the 1.0700 position four times!
Moreover, in the one-hour trend chart, the moving averages are arranged in short positions, all the K lines are below the moving averages, and there are 4 negative lines in a row. This is an ominous sign!

The bulls in the market have already produced a wave of panic!
Although USD/CAD is supported at 1.0600, the bulls in the market are becoming less confident.

"I'm so tired, my fingers are sore!"

Shorting 3000 lots at a time, a total of 90 lots, that is 300 times, it is really sore fingers.

At this moment, in Lin Haocang's account, the average opening position of the 90 USD/CAD short positions is 1.0650, and a fluctuation of one point is a profit or loss of USD 900 million. Currently, there is a floating profit of 50 points, with a total floating profit of USD 4.5 million.

Shaking his neck, Lin Haocang got up and left the office.

·····
At this moment, in a building in Central, there is the headquarters of Tyburn Capital Management, a financial company with a capital scale of US$42 billion.

A middle-aged Caucasian man with big eyes, a big beard, and short yellow hair. His eyes were fixed on the USD/CAD chart, and his brows were tightly frowned.

His name is Tyburn!

After the opening of the European market this afternoon, USD/CAD dropped slowly. In 4 hours, it dropped by 100 points, which made Tyburn start to worry.

They were long USD/CAD two weeks ago.

There are 150 million long positions in the Hengsheng Index in the account. The average opening position is at 1.0400. A fluctuation of one point is a profit and loss of 1500 million US dollars. Now there is a floating profit of 200 points, a total floating profit of 30 billion US dollars, and the net value of the account is even higher. It is as high as 72 billion US dollars.

"Hey, I had a floating profit of 45 billion U.S. dollars before. If I closed the position at that time, I could have made at least 40 billion U.S. dollars. The account would have doubled. Why am I so greedy!"

When the USD/CAD rose to 1.0700, their accounts had a floating profit of 300 pips, totaling a floating profit of $45 billion.

At that time, Tyburn did not intend to close the position, because USD/CAD was trying to break through the resistance area of ​​1.0700 for the fourth time. He knew that once USD/CAD broke through the key resistance area of ​​1.0700, he did not know how many short positions would be liquidated. , USD/CAD may skyrocket by hundreds of points!
His account may have to earn more, but he never expected that USD/CAD still failed to break through the key resistance area of ​​1.0700. Instead, it slowly fell by 100 points after the opening of the European market!

This made him contradictory and tangled!

After thinking about it, he felt that he would continue to wait. Now USD/CAD has been supported at 1.0600. During the American session in the evening, USD/CAD will definitely break through the key resistance area of ​​1.0700, and there will be a sharp rise at that time. The bears will be defeated at 1.0700!

Potential bear massacre tonight!

·
Time passed slowly, USD/CAD has been oscillating near the 1.0600 position.

Tyburn took a deep breath and looked at the time. It was already 7 o'clock in the evening, and there was an hour before the opening of the American market, so he got up and left the trading room, entered the elevator, and went to the Sichuan restaurant near the building for dinner.

An hour later, the American market opened, and Tyburn just returned to the trading room to see that USD/CAD was still oscillating around 1.0600.

It did not fall below the 1.0600 position, indicating that the support here is extremely strong, so he is relieved, and is waiting for the bulls to launch a big attack tonight, defeating the shorts at the 1.0700 position in one fell swoop!

Suddenly, he felt very uncomfortable in his stomach, obviously because he ate too much chili tonight, and he was about to have diarrhea, so he ran out of the trading room and ran to the toilet!

·
Time soon arrived at 08:30 in the evening, and the United States announced an economic data.

US June ISM non-manufacturing PMI
Previous value: 55.5
Expected value: 55
Published value: 51
This economic data is simply too bad, it can be said to be the worst in the first half of this year!

The U.S. dollar index plummeted!

The U.S. dollar currency pair plummeted across the board!

USD/CAD is no exception! !
It fell below the 1.0600 position in an instant!

The bears in the market have launched a fierce attack!

In just 15 minutes, USD/CAD plummeted 150 pips all the way!

From 1.0600 position to 1.0450 position!

A super big Yin line appeared on the 15-minute trend chart!

Scared the bulls in the market into fools!

I don't know how many retail investors burst into tears at the computer screen!

You know, after the opening of the European market today, many retail investors entered the market to do long USD/CAD while the USD/CAD was slowly falling, and they were all caught!
Now it has plummeted another 150 points!

Many people's accounts have been liquidated!
In the retail trading rooms of Yingda Bank, Huifeng Bank, and Hengsheng Bank, it was really full of sadness!

(End of this chapter)